KARACHI: Bears returned to the Pakistan Stock Exchange (PSX) on Monday, as the benchmark KSE-100 Index failed to hold on to early gains and ended in the negative.
Despite a positive start to the day, the KSE-100 Index remained in the red for almost the entire session, touching its intraday low at 45,507.45 (-571.92 points). It settled lower by 435.28 points at 45,644.09.
Among other indices, the KMI-30 Index dropped 767.40 points to end at 73,990.28, while the KSE All Share Index fell 314.16 points, settling at 31,275.76.
As many as 360 companies transacted shares in the stock market, 65 of them recorded gain and 276 sustained losses, whereas the share price of 19 companies remained unchanged.
The ready market volumes stood at 187.8 million shares, compared with the turnover of 170.6 million shares in the last trading session. The companies that reflected the highest gains included Mari Petroleum, up Rs25.82 to close at Rs1,774.06/share and Khairpur Sugar, up Rs6.26 to close at Rs89.78/share.
The companies, which reflected the most losses included Rafhan Maize, down Rs495 to close at Rs10,405/share; and Allawasaya Textile, down Rs174.38 to close at Rs2,150.73/share.
The highest volumes were witnessed in WorldCall Telecom with a turnover of 33.5 million shares. The scrip shed 10 paisas to close at Rs2.05/share; followed by Telecard Limited with a turnover of 9.8 million shares. It shed Rs1.05 to close at Rs16.32/share. Ghani Global remained the third with a turnover of 7.8 million shares. It shed Rs1.28 to finish at Rs20.5/share.
